In a report published Thursday, Baird Equity Research analyst Ethan H. Bellamy downgraded the rating on Atlas Resource Partners LP (NYSE: ARP) from Outperform to Neutral, and lowered the price target from $26.00 to $22.00.

In the report, Baird Equity Research noted, “We input these reduced projections as well as updated Treasury rates into our now more conservative valuation framework. As a result, we lower our ARP price target to $22 and lower our rating to Neutral amid heightened uncertainty.”